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Tata Considers Cable & Wireless Bid

By

Kenan Machado and

Jana Weigand

Updated March 1, 2012 2:15 p.m. ET

MUMBAI—India's Tata Communications Ltd. became the second company to express interest in buying Cable & Wireless Worldwide PLC, saying it is evaluating a possible cash offer for the British fiber-optic network operator.

The examination is at a "very preliminary stage," Tata said Thursday in a filing with the U.K. Takeover Panel.